To: Board of County Commissioners
Through: Ronald A. Carl, County Attorney, County Attorney
Prepared By:
prepared
Gina Garran, Paralegal, County Attorney
end
Subject:
title
Approval of BAA Stipulations
end
Purpose and Request:
recommended action
The purpose of this request is for the adoption of a resolution approving the Board of Assessment Appeals (BAA) stipulations listed below.
end
Background and Discussion: These stipulations are a result of agreements reached between the taxpayers and the County regarding a reduction in the amount of property tax owed, settling tax protests filed with the BAA.
The following BAA docket numbers have been stipulated to for the tax years indicated below.
|
Tax Years |
Docket# |
Property Owner |
Property Address |
Reason |
Current Value |
Stipulated Value |
|
2019/2020 |
2021BAA2619 |
Oralia LLC |
6651 South University Boulevard |
1. |
$685,302 |
$642,850 |
|
2021/2022 |
2021BAA2189 |
Laredo Holdings LLC |
525 Laredo Street |
2. |
$1,592,000 |
$1,485,000 |
|
2021/2022 |
2021BAA2211 |
Mirabella Properties LLC |
4005 South Clay Street |
2. |
$7,149,000 |
$6,441,000 |
|
2021/2022 |
2021BAA2223 |
Crone Properties LLC |
2950 South Wyandot Street |
3. |
$2,323,000 |
$2,178,000 |
|
2021/2022 |
2021BAA2466 |
John S Portman |
3488 South Columbine Circle |
1. |
$1,450,000 |
$1,410,000 |
|
2021/2022 |
2021BAA2568 |
GS Cherry Creek Property Owner LLC |
4550 Cherry Creek South Drive |
1. |
$103,680,000 |
$102,240,000 |
|
2021/2022 |
2021BAA2595 |
Potomac East LP |
13730 East Mississippi Avenue |
3. |
$2,419,000 |
$2,200,000 |
|
2021/2022 |
2021BAA2600 |
C J Co |
13110 East Mississippi Avenue |
3. |
$1,864,000 |
$1,660,000 |
|
2021/2022 |
2021BAA2605 |
South Santa Fe Partners LLC |
2877 South Santa Fe Drive; 2899 South Santa Fe Drive |
3. |
$9,039,000 |
$8,456,720 |
|
2021/2022 |
2021BAA2606 |
St Paul Fire & Marine Insurance Company |
10333 East Dry Creek Road; 10303 East Dry Creek Road |
3. |
$28,545,000 |
$24,586,000 |
|
2021/2022 |
2021BAA2617 |
Douglas Robert P, Douglas Nancy E |
16708 East Smoky Hill Road |
2. |
$1,289,000 |
$994,400 |
|
2021/2022 |
2021BAA2624 |
EKM Corp |
200 West Belleview Avenue |
2. |
$13,944,000 |
$13,500,000 |
|
2021/2022 |
2021BAA2892 |
ANR Lodging LLC |
9257 East Costilla Avenue |
4. |
$6,375,000 |
$6,246,000 |
1. Comparable market sales indicate that adjustment to this value is correct.
2. Income, cost and sales comparison approaches indicates that adjustment to this value is correct.
3. Income and sales comparison approaches indicate that adjustment to this value is correct.
4. Income approach indicates that adjustment to this value is correct.
Alternatives: Let protests proceed to the BAA for a decision. Said alternative would involve unnecessary time and expense for the County and the taxpayer.
Fiscal Impact: Reduction in the amount of property taxes collected for the above listed properties.
Alignment with Strategic Plan:
☒Be fiscally sustainable
☒Provide essential and mandated service
☐Be community focused
Concurrence: The negotiator for the County Board of Equalization, the County Assessor and the County Attorney all support this recommendation.
Resolution: Attached is a copy of the draft resolution.